๐ What is HIP-3 Growth Mode? A simple explanation
Hyperliquid $HYPE added Growth Mode โ a mode that makes trading on new HIP-3 markets almost free, so they grow faster.
๐ฅ What is happening:
- Fees drop by 90โ96%
- Rebates and bonuses also -90%+
- In total, trading becomes super cheap
๐ Who can enable it:
1) Deployer fee scale โค 1%
2) 30 days between switches
3) The market must be new, not a copy of BTC/ETH/SOL, etc.
If abused โ validators can turn it off.
TL;DR:
โข Growth Mode = 5โ30ร cheaper fees
โข For innovative HIP-3 markets
โข Market creator almost takes no fees
โข There is a cooldown and validator control
#Hyperliquid #HIP3 #GrowthMode #DEX #Perps